Bank Al-Maghrib and the Ministry of Finance are working on the triggering of the next stage of the reform related to the flexibility of the dirham. But prerequisites must be defined upstream.
Morocco wants to take a new step in the process of flexibility of the dirham.
During her working visit to Morocco, the Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, stated that Morocco is one of the few countries in Africa to have 22% of its Gross Domestic Product (GDP) in the form of revenues.
Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), believes that Maghreb integration would generate 1% growth. She will visit Morocco starting Monday, February 17, 2020, where she will discuss "the strong partnership" between her institution and the kingdom.
The Managing Director of the International Monetary Fund (IMF), Kristina Georgieva, is expected from February 17 to 20 for a working visit to Morocco. During a press briefing held on Thursday in Washington, Gerry Rice, the IMF’s Communications Director, stated that "the visit is part of the preparations for the Annual Meetings of the World Bank Group and the IMF, scheduled for October 2021 in Marrakech".
Kristalina Georgieva, the new Managing Director of the International Monetary Fund (IMF), is expected in Morocco as early as February 19 on economic development issues.
Morocco’s economic growth would stand at 2.8% in 2019, according to an International Monetary Fund (IMF) mission focused on the second review of the Precautionary and Liquidity Line (PLL) agreement.
As part of the semi-annual review of the agreement concluded last December with Morocco, under the Precautionary and Liquidity Line (PLL), an IMF (International Monetary Fund) mission has been staying in the Kingdom since October 29.
The easing of the exchange rate regime aims to absorb external shocks, in particular a surge in oil prices, and to strengthen the competitiveness of Morocco.
The International Monetary Fund (IMF) Woods once again calls on Morocco to "move towards a more inclusive growth model", to "reduce inequalities" and to "protect the most vulnerable".
Dirham flexibility is a major concern for the International Monetary Fund (IMF). In a report on Morocco’s economic situation, published on July 16, 2019, the institution reaffirms its demand to Morocco.
The International Monetary Fund (IMF) has just announced the granting to Morocco of a new Precautionary and Liquidity Line (PLL) of around $3 billion.